JinkoSolar: Q1 Earnings Snapshot
Posted Jun 25, 2021 05:32:47 AM.
Last Updated Jun 25, 2021 05:41:07 AM.
SHANGRAO, China (AP) _ JinkoSolar Holding Co. (JKS) on Friday reported first-quarter profit of $33.7 million.
On a per-share basis, the Shangrao, China-based company said it had net income of 55 cents. Earnings, adjusted for one-time items, came to 15 cents per share.
The solar power product maker posted revenue of $1.21 billion in the period.
For the current quarter ending in July, JinkoSolar said it expects revenue in the range of $1.2 billion to $1.25 billion.
JinkoSolar shares have decreased 39% since the beginning of the year. The stock has more than doubled in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on JKS at https://www.zacks.com/ap/JKS
The Associated Press
